Air Arabia Q1 profit jumps 34% to Dh114 million

Air Arabia today reported a net profit of Dh114 million for the three months ending March 31, 2016, 34 per cent higher than the corresponding 2015 figure of Dh85 million.

In the same period, the airline posted a turnover of Dh946 million, an increase of 7 per cent on Dh886 million in the first quarter of last year.

The airline flew more than 2.1 million passengers between January and March 2016, up 17 per cent on the corresponding period last year.

The airline’s average seat load factor – or passengers carried as a percentage of available seats – during the first three months of 2016 stood at an impressive 81 per cent.

Sheikh Abdullah bin Mohamed Al Thani, Chairman of Air Arabia, said, "Air Arabia has made an excellent start to 2016, maintaining the momentum we established last year and attracting new customers to our brand. Our operational efficiency allied to the success of our route expansion strategy and the popularity of our value-add service proposition leaves Air Arabia well placed to navigate the current macro-economic challenges and benefit from the many opportunities in the region’s aviation sector."  

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